In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on Vistra Energy (VST), with a price target of $32.00. The company’s shares closed last Tuesday at $19.33.
According to TipRanks.com, Byrd is a 4-star analyst with an average return of 4.5% and a 54.3% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.
Currently, the analyst consensus on Vistra Energy is a Strong Buy with an average price target of $30.60, implying a 56.1% upside from current levels. In a report issued on November 9, RBC Capital also maintained a Buy rating on the stock with a $25.00 price target.
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Vistra Energy’s market cap is currently $9.68B and has a P/E ratio of 11.00. The company has a Price to Book ratio of 2.84.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VST in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vistra Energy Corp. operates as an energy company, which engages in the provision of electricity and power generation. Its portfolio of businesses includes TXU Energy and Luminant. It operates through the following segments: Retail, ERCOT, PJM, NY/NE, MISO, Asset Closure, and Corporate and Other. The Retail segment sells electricity and related services to residential, commercial and industrial customers. The ERCOT, PJM, NY/NE, and MISO segments relate to electricity generation, wholesale energy sales and purchases, commodity risk management activities, and fuel production and logistics management. The Asset Closure segment involves in the decommissioning and reclamation of retired plants and mines. The Corporate and Other represents the remaining non-segment operations. The company was founded in 1882 and is headquartered in Irving, TX.
